Paying 2022 Tax Estimates

Paying 2022 Tax Estimates

As a business owner or high-income individual, the IRS puts the burden of scheduling and paying estimated taxes on you. They have no duty to remind you, and can and will penalize you if your payment is late or you are unable to pay your amount owed in full. Since you have no choice in the matter of paying estimated taxes, the best thing you can do is to be organized and minimize your penalties. We recommend calendars and reminders to ensure that you don’t miss any deadlines, or even better, you can have an accounting firm file your estimated…
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Federal Tax Return Due Dates 2022

Federal Tax Return Due Dates 2022

2021 has been a year, folks. Not just any year, but a year. Come to think of it, 2020 was also “a year,” and even a few years before that. Things have been rough for many people for quite some time, and the best we can do is to support each other through these trying times. With 2021 coming to a close, it is now time to think about the year to come. Below we will list out the 2022 tax return due dates you’ll need, all in one place. Individual Income Tax Due Dates For your individual 1040 tax…
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Single-Member LLCs and Schedule C

Single-Member LLCs and Schedule C

Are you a corporation? Do you find yourself breathing cash flow and snacking on accounts receivable, and was your birth recorded on your Articles of Incorporation? We’re just kidding; no living breathing person is a corporation (if you take away the living breathing part, it’s a different story). Regardless, you might be doing business as a corporation, and you might be the only person who works for this corporation. If this is the case, you are probably a Single-Member Limited Liability Corporation (SMLLC). Note: A married couple can also count as a single member for an SMLLC depending on the…
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